Location in Philadelphia’s Rittenhouse
Neighborhood Connects the Local Healthcare Community and Builds on
the Success of FIGS’ First Hub in Los Angeles
FIGS, Inc. (NYSE: FIGS), the global leading healthcare apparel
brand, today announced the grand opening of its second retail
store, the Rittenhouse Community Hub, on Walnut Street in
Philadelphia on September 19.
This press release features multimedia. View
the full release here:
https://www.businesswire.com/news/home/20240918700890/en/
FIGS Expands its Retail Footprint to the
East Coast with the Opening of its Second Community Hub (Photo:
Business Wire)
FIGS’ Community Hubs reimagine the retail experience by
providing healthcare professionals the opportunity to shop for
their apparel in a way that never previously existed. They create
opportunities for healthcare professionals to connect with FIGS and
each other on a deeper level. Through events and programming
focused on what’s most important to the FIGS community, they also
celebrate healthcare professionals and provide opportunities to
share their stories and learn.
The Rittenhouse Community Hub is purposefully designed to bring
to life FIGS’ mission – to serve those who serve others. At over
4,200 square feet covering two floors, it is approximately four
times larger than FIGS’ first Community Hub in Los Angeles and
includes a first-class shopping experience, an embroidery workshop,
and a mezzanine with a lounge and café.
Philadelphia is a natural location for FIGS’ second Community
Hub. It has the fourth-highest number of healthcare professionals
in the U.S., and one in every six doctors in the U.S. has been
trained there. Additionally, Rittenhouse is located within two
miles of five healthcare institutions.
“We are thrilled to be opening our second Community Hub, and
we’re especially excited to do it in Philadelphia,” said Trina
Spear, FIGS’ CEO and Co-Founder. “Philadelphia is truly at the
heart of healthcare in the U.S., and we can’t wait to welcome our
Awesome Humans to this space. FIGS exists to help healthcare
professionals look good, feel good, and perform at their best,
thereby transforming the experience of being a healthcare
professional. To deliver on that, we believe that an omnichannel
experience – both online and offline – is the future.”
The Rittenhouse Community Hub builds on the success of FIGS’ Los
Angeles Community Hub. Since its opening in November 2023, the Los
Angeles Community Hub has generated consistently strong performance
and has attracted new healthcare professionals to FIGS, with over
40% of sales coming from customers who are new to the brand.
FIGS opened the Rittenhouse Community Hub during the 2024
Olympic and Paralympic Games as an activation for its historic FIGS
x Team USA campaign honoring the USA Medical Team. The activation
concluded on September 9, 2024 and FIGS is now celebrating the
grand opening of its permanent home on Walnut Street.
FIGS takes a disciplined approach to its retail strategy,
continuously learning and refining along the way, as it seeks to be
present for healthcare professionals everywhere they are. FIGS
anticipates expanding this strategy with the opening of additional
Community Hubs in 2025 and beyond.
Forward-Looking Statements
This press release contains various forward-looking statements
about the Company within the meaning of the Private Securities
Litigation Reform Act of 1995, as amended, that are based on
current management expectations, and which involve substantial
risks and uncertainties that could cause actual results to differ
materially from the results expressed in, or implied by, such
forward-looking statements. All statements contained in this press
release that do not relate to matters of historical fact should be
considered forward-looking. These forward-looking statements
generally are identified by the words “anticipate”, “believe”,
“contemplate”, “continue”, “could”, “estimate”, “expect”,
“forecast”, “future”, “intend”, “may”, “might”, “opportunity”,
“outlook”, “plan”, “possible”, “potential”, “predict”, “project,”
“should”, “strategy”, “strive”, “target”, “will” or “would”, the
negative of these words or other similar terms or expressions. The
absence of these words does not mean that a statement is not
forward-looking. These forward-looking statements address various
matters, including the Company’s plans with respect to its
Rittenhouse Community Hub; the Company’s belief that an omnichannel
experience is the future; the Company’s intention to take a
disciplined approach with its retail strategy; the expectation that
Community Hubs will host events and provide programming; and the
opening of additional Community Hubs in 2025 and beyond; all of
which reflect the Company’s expectations based upon currently
available information and data. Because such statements are based
on expectations as to future financial and operating results and
are not statements of fact, the Company’s actual results,
performance or achievements may differ materially from those
expressed or implied by the forward-looking statements, and you are
cautioned not to place undue reliance on these forward-looking
statements. The following important factors and uncertainties,
among others, could cause actual results, performance or
achievements to differ materially from those described in these
forward-looking statements: the Company’s ability to maintain its
historical growth; the Company’s ability to maintain profitability;
the Company’s ability to maintain the value and reputation of its
brand; the Company’s ability to attract new customers, retain
existing customers, and to maintain or increase sales to those
customers; the success of the Company’s marketing efforts; the
Company’s ability to maintain a strong community of engaged
customers and Ambassadors; negative publicity related to the
Company’s marketing efforts or use of social media; the Company’s
ability to successfully develop and introduce new, innovative and
updated products; the competitiveness of the market for healthcare
apparel; the Company’s ability to maintain its key employees; the
Company’s ability to attract and retain highly skilled team
members; risks associated with expansion into, and conducting
business in, international markets; changes in, or disruptions to,
the Company’s shipping arrangements; the successful operation of
the Company’s distribution and warehouse management systems; the
Company’s ability to accurately forecast customer demand, manage
its inventory, and plan for future expenses; the impact of changes
in consumer confidence, shopping behavior and consumer spending on
demand for the Company’s products; the impact of macroeconomic
trends on the Company’s operations; the Company’s reliance on a
limited number of third-party suppliers; the fluctuating costs of
raw materials; the Company’s failure to protect proprietary,
confidential or sensitive information or personal customer data, or
risks of cyberattacks; the Company’s failure to protect its
intellectual property rights; the fact that the operations of many
of the Company’s suppliers and vendors are subject to additional
risks that are beyond its control; and other risks, uncertainties,
and factors discussed in the “Risk Factors” section of the
Company’s Quarterly Report on Form 10-Q for the quarter ended June
30, 2024 filed with the Securities and Exchange Commission (“SEC”)
on August 8, 2024, the Company’s Annual Report on Form 10-K for the
year ended December 31, 2023 filed with the SEC on February 28,
2024, and the Company’s other periodic filings with the SEC. The
forward-looking statements in this press release speak only as of
the time made and the Company does not undertake to update or
revise them to reflect future events or circumstances.
About FIGS
FIGS is a founder-led, direct-to-consumer healthcare apparel and
lifestyle brand that seeks to celebrate, empower, and serve current
and future generations of healthcare professionals. We create
technically advanced apparel and products that feature an unmatched
combination of comfort, durability, function, and style. We share
stories about healthcare professionals’ experiences in ways that
inspire them. We build meaningful connections within the healthcare
community that we created. Above all, we seek to make an impact for
our community, including by advocating for them and always having
their backs.
We serve healthcare professionals in numerous countries in North
America, Europe, the Asia Pacific region and the Middle East. We
also serve healthcare institutions through our TEAMS platform.
View source
version on businesswire.com: https://www.businesswire.com/news/home/20240918700890/en/
Investors: Tom Shaw IR@wearfigs.com
Media: Todd Maron press@wearfigs.com
Grafico Azioni FIGS (NYSE:FIGS)
Storico
Da Ott 2024 a Nov 2024
Grafico Azioni FIGS (NYSE:FIGS)
Storico
Da Nov 2023 a Nov 2024
